Page 2 - Corporate Social Responsibility

New CSR form to enhance corporate compliance, help govt in keeping a tab

The government had mandated that Corporate India publish a comprehensive report on their specific CSR initiatives.

How well Indian companies are meeting their CSR commitment?

The CII on Monday asked the government to consider increasing the CSR levy by 1% for a year, and use the money to give boosters shots. But is India Inc loosening its purse strings for social causes?

Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters

The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery

Expense on R&D for Covid-19 drugs, vax, devices will count as CSR

The CSR FAQs provide details of what would qualify as administrative overheads

CSR spending not source of financing resource gaps in govt schemes: MCA

Corporate Social Responsibility spending under the companies law should not be interpreted as a source of financing the resource gaps in government schemes, the Ministry of Corporate Affairs has said as it issued a detailed set of FAQs for the effective implementation of CSR norms. Activities undertaken by companies as part of the normal course of business is not considered CSR work. However, the ministry has provided an exemption for companies engaged in R&D activities for new vaccines, drugs and medical devices in their normal course of business with respect to COVID. The exemption would be in place for three financial years till FY 2022-23, as per the FAQs (Frequently Asked Questions) dated August 25. "This exclusion is allowed only in case the companies are engaged in R&D in collaboration with organisations as mentioned in item (ix) of Schedule VII and disclose the same in their board reports," the ministry said. The organisations are specified under item ix of Schedule ...

Industrialist Siddharth Shriram's zest for life: A son remembers

A writer on a wide variety of issues as a result of his interest in creating construct­ive debate for challenges facing India, he was instrumental in founding Delhi Policy Group

Contradictory AAR verdicts on CSR under GST regime baffle companies

Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit

Govt mandates companies to disclose investments in cryptocurrencies

Govt asks companies to also reveal CSR spend, benami property transactions from FY22

CSR funds not used for implementing govt schemes: MoS Finance

The government said CSR funds are not used for implementing the government's central schemes.

India's new CSR regulations make philanthropy compulsory for companies

New CSR rules replacing comply-or-explain regulations with a mandatory regimen have raised the stakes for large corporations

Companies can't hold capital assets created with CSR funds: Experts

If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.

Trusts and societies have till April 1 to register with MCA under CSR rules

CSR rules notified by MCA; multi-year projects allowed with a time-limit of three years

Govt amends CSR rules; allows cos to undertake multi-year projects

The government on Friday amended various rules pertaining to the CSR regime

How a Bengaluru NGO raised Rs 220 crore for fight against coronavirus

How GiveIndia's campaign to raise Rs 220 crore for Covid relief gathered a momentum of its own pulling in many much-maligned segments of society

Corporate spending patterns may change as pandemic chaos hits CSR hard

Talks with key executives in listed firms reveal diversion from existing plans such as supporting cancer hospitals, towards giving all the money under their budget to help deal with pandemic

World is getting more serious about ESG compliance. India must catch up too

There is a global movement towards making businesses more responsible and India should also make efforts in that direction

Best of BS Opinion: Mainstreaming of ESG, growing cyber-risks & more

Here's a selection of Business Standard opinion pieces for the day

Experts suggest policy changes to boost coronavirus research & development

Funding Covid-related research now included in CSR spends

R&D for treating Covid-19 by pharmaceutical firms part of CSR activities

Activities undertaken by companies in normal course of business also part of CSR

Reimagining CSR

For long it was considered that a company is collective of shareholders and, therefore, the best interest of shareholders is the best interest of the company